Japan Launches World’s First Yen-Pegged Stablecoin:
Japan has officially launched the world’s first yen-pegged stablecoin, named JPYC, on October 27, 2025. The debut marks a key turning point in the country’s evolving financial ecosystem, which has traditionally leaned heavily on cash and credit cards. Issued by Tokyo-based startup JPYC Inc. the digital token is fully backed by Japanese yen and government bonds (JGBs), and offers zero transaction fees during its initial rollout phase.JPYC is a blockchain-based stablecoin, meaning it is a digital token designed to maintain a 1:1 value with the Japanese yen. The coin is backed by domestic savings and Japanese government securities, giving it stability and credibility in line with national financial policies. JPYC Inc. plans to issue up to 10 trillion yen ($66 billion) worth of the digital asset over the next three years. The company aims for widespread overseas usage, envisioning JPYC as a low-cost, fast, and secure means of digital payment, especially for startups and international businesses.
